Call the lender and see if you can work some type of agreement out with them. It's better to call than to ignore it and not call at all.
You still pay the car note and enjoy the lawn decoration
Try to make him pay off his loan or you will have to pay it off cuz you cant register it. I know you can junk or sell a car with a loan on it. So i would take him to cort for fraud.
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
bank loan
One man had bad credit and had to pay 27% interest on his loan. Yes, he got a car loan. He did not get a 7% loan. You can probably get a car loan. There is no telling what percent you will have to pay and how much down payment you will need to put up.
To get out of a used car loan, pay off the loan or find someone else who will do that.
Heirs pay loan or bank takes car.
no, your car loan is secured by your car, your mortgage by your home
Yes. You must pay off the loan with the proceeds, and pay the difference if the proceeds are less than the loan.
you can sell the car and pay off the balance. or transfer the loan to a potential buyer or make arrangements with the lien holder for different payments but do not let your loan get behind you will lose your credit and the car and all you have paid on it good luck
Yes, if your insurance company will not pay it all.
Yes. Hopefully the car is insured, and the insurance money recieved will cover the loan of the car.